Banks Real Estate Market Extends Weakness in New Listings

With a determined downward trend of new sellers listing homes, including two over the last 30 days, and sales that fell to one in that same time frame, the Banks market will be slowing down. All indications show that the trend should continue, meaning less new listings over the next few weeks. There are four months of inventory remaining in Banks, and the market is swinging toward the buyer, especially since the median sales price dropped to $270,000 this week.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in Banks:

$365K   $350K   $349K  

Get started right now by checking out Banks homes for sale or reviewing Banks real estate trends.

Demographic facts for Banks:

  • The median age of the population is 29 years old.
  • The health cost index score in this area is 114.4. (100 = national average)
  • The commute times can range from: <15 min (16.8%), 15-29 min (44.3%), 30-44 min (23.9%), 45-59 min (6.9%), >60 min (8.1%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams Realty Professionals
Snapped 2 homes in this area

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